Lens1000
VIP Contributor
Forex is coined from foreign exchange. It could also be referred to as FX. It means trading that takes place between different companies, businesses and governments that are located in different countries.
Forex must take place through a company or a broker that is involved directly in foreign exchange market.
Currency and stocks are being trade in forex and transaction takes place when one currency is traded against another currency
Before you choose a broker or company whose platform you want to use, you must confirm if the broker or company is registered to trade in foreign exchange market in your country. Otherwise, you will be scammed
Banks are one of the legitimate companies or financial broker registered to do foreign exchange. Banks usually have professional broker who will guide you on how to carry out transactions in forex
Now, there are many brokerages or exchanges online but you need to confirm their legitimacy before you jump on them .
Lastly, I want us to recommend the best brokerages that we have traded on.
Forex must take place through a company or a broker that is involved directly in foreign exchange market.
Currency and stocks are being trade in forex and transaction takes place when one currency is traded against another currency
Before you choose a broker or company whose platform you want to use, you must confirm if the broker or company is registered to trade in foreign exchange market in your country. Otherwise, you will be scammed
Banks are one of the legitimate companies or financial broker registered to do foreign exchange. Banks usually have professional broker who will guide you on how to carry out transactions in forex
Now, there are many brokerages or exchanges online but you need to confirm their legitimacy before you jump on them .
Lastly, I want us to recommend the best brokerages that we have traded on.